EMCGU News

While IPO activity typically takes a break in August, 2022 continues to throw curveballs. Four small deals priced this past week, joined by two SPACs. Two small IPOs and one SPAC submitted initial filings. Malaysian e-payment app Treasure Global (TGL) priced at the low end to raise $8 million at a $65 million market cap. The company’s ZCITY App offers...read more

Embrace Change Acquisition, a blank check company targeting the technology, internet, and consumer sectors, raised $65 million by offering 6.5 million units at $10. Each unit consists of one share of common stock, one right to receive one-eighth of a share upon completion of an initial business combination, and one warrant, exercisable at $11.50. The company is led...read more

Embrace Change Acquisition, a blank check company targeting the technology, internet, and consumer sectors, lowered the proposed deal size for its upcoming IPO on Wednesday. The San Diego, CA-based company now plans to raise $65 million by offering 6.5 million units at $10. The company most recently filed in October 2021 to offer 7.5 million units at the same price, and originally...read more

Embrace Change Acquisition, a blank check company targeting the technology, internet, and consumer sectors in China, raised the proposed deal size for its upcoming IPO on Wednesday. The Beijing, China-based company now plans to raise $75 million by offering 7.5 million units at a price of $10. The company had previously filed to offer 5 million units at the same price. Each unit...read more